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Precious Metals Sales Tax by State
Select the state to where you will have your order shipped to find out if any sales tax is chargeble.
Rhode Island
Rhode Island’s Gold & Silver Bullion Tax Laws
The state of Rhode Island doesn’t levy taxes on the sale of gold, silver, and platinum bullion but it taxes capital gains. Rhode Island residents must also pay United States federal capital gains taxes.
State Information
- Rhode Island is a state in the New England region of the United States and is bordered by Connecticut, Massachusetts, the Atlantic Ocean, the Rhode Island Sound, and Block Island Sound.
- In 1790, Rhode Island became the 13th state in the United States.
- The capital of Rhode Island is Providence. Other cities include Cranston, Warwick, and Pawtucket.
- Rhode Island had a population of 1,098,163 in 2020.
- Rhode Island’s real gross domestic product (GDP) was $63.17 billion in 2023, while the median household income was $63,870 in 2020.
- Rhode Island’s largest industries include finance, insurance, real estate, professional and business services, education, healthcare, government and government enterprises, manufacturing, retail trade, and wholesale trade.
Economic and Personal Freedom Information
- Rhode Island ranks #31 on the Sound Money Index that ranks states based on their friendliness toward gold and silver bullion.
- According to the Freedom in the 50 States report, Rhode Island ranks #36 in overall freedom, #37 in economic freedom, and #15 in personal freedom.
- Rhode Island ranks #39 on the Rich States, Poor States index, which evaluates states based on economic competitiveness by considering tax and regulatory burdens, as well as labor policies.
- Bullion Any elementary precious metal that has been put through a process of smelting or refining, including, but not limited to: gold, silver, platinum, rhodium, and chromium, and that is in a state or condition that its value depends upon its content and not upon its form.
- Coins Typically round piece(s) of metal whose price depends on its metal content or its face value stamped on it.
- Numismatic Coins Coins which have an external value above and beyond the base value of the underlying precious metal, due to the item’s rarity, condition, age, or other external factor.
- Accessory Items Items such as capsules, stands, tubes, display boxes, merchandising and apparel.
- Processed Items Precious metals that have been processed by third parties into items valued on more than their precious metal content, such as jewelry, colorized coins and other works of art.
Please select your state below to find out if sales tax apply for BullionStar bullion shipped to your state.